TriNet Group (NYSE:TNET) Reaches New 12-Month Low After Insider Selling

TriNet Group, Inc. (NYSE:TNET)’s share price hit a new 52-week low on Thursday following insider selling activity. The stock traded as low as $54.22 and last traded at $54.92, with a volume of 127263 shares traded. The stock had previously closed at $55.00.

Specifically, SVP Anthony Shea Treadway sold 459 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $54.52, for a total transaction of $25,024.68. Following the completion of the sale, the senior vice president directly owned 28,224 shares of the company’s stock, valued at approximately $1,538,772.48. This represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TNET. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriNet Group in a research note on Wednesday, October 8th. Zacks Research upgraded TriNet Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. UBS Group decreased their target price on TriNet Group from $69.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. cut their price target on shares of TriNet Group from $75.00 to $65.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $67.33.

TriNet Group Stock Up 5.1%

The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 8.36. The business has a fifty day moving average of $61.92 and a two-hundred day moving average of $69.38. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 21.28 and a beta of 0.84.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.39. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $261.92 million. TriNet Group had a return on equity of 232.60% and a net margin of 2.64%.TriNet Group’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.17 EPS. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. As a group, equities analysts anticipate that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Wednesday, October 1st. TriNet Group’s payout ratio is currently 40.59%.

Institutional Trading of TriNet Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. increased its stake in TriNet Group by 90.1% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 648,630 shares of the business services provider’s stock worth $47,441,000 after purchasing an additional 307,440 shares during the period. Strs Ohio acquired a new position in shares of TriNet Group in the first quarter valued at approximately $357,000. Woodline Partners LP increased its stake in TriNet Group by 38.3% during the 1st quarter. Woodline Partners LP now owns 63,703 shares of the business services provider’s stock worth $5,048,000 after buying an additional 17,625 shares during the period. Farther Finance Advisors LLC increased its stake in TriNet Group by 7.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,456 shares of the business services provider’s stock worth $326,000 after buying an additional 291 shares during the period. Finally, Bayforest Capital Ltd lifted its holdings in TriNet Group by 543.3% during the 1st quarter. Bayforest Capital Ltd now owns 13,001 shares of the business services provider’s stock worth $1,030,000 after buying an additional 10,980 shares in the last quarter. 96.81% of the stock is owned by institutional investors and hedge funds.

About TriNet Group

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.